The striker insists he did not move to the Ligue 1 side for financial reasons and hopes to see compatriot Fredy Guarin join him at the club.

Radamel Falcao claims he was "seduced" by the prospect of the long-term challenge at Monaco.

The Ligue 2 champion, backed by the riches of fertilizer tycoon Dmitry Rybolovlev, stunned European football when the club signed the Colombian star from Atletico Madrid in a 60 million euro deal, fending off interest from the likes of Chelsea, Manchester City and Real Madrid.

Falcao, however, has stressed his move was not motivated by money, insisting he is relishing the prospect of the challenges which lie ahead for Claudio Ranieri's side.

"I went to Monaco because I was seduced by their long-term project and because I love challenges," the 27-year-old told El Heraldo.

Having also signed Porto duo Joao Moutinho and James Rodriguez, Monaco has now reportedly set its sights on Inter midfielder Fredy Guarin, and Falcao admits he would be thrilled to see his former club teammate and compatriot move to Stade Louis II.